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of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> have you watched the very last word? it's a segment that we do at 11:01 right after the last word and we post it on our website. here's a sample. >>
of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my...
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it's only been about four weeks and his ideas are not being discussed in washington. there's not much of any reference to him. the republican leaders who are young and up and coming are talking about how to rebrand and rebuild the party and some people close to mitt romney said he doesn't really have much of an interest of being involved in that kind of conversation. >> philip rucker and jonathan capehart, thank you for joining me tonight. >> thanks. >>> coming up, in the rewrite, mike huckabee, herman cain are upset at bob costas who said what had to be said during his football coverage last night. in, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. or that printing in color had to cost a fortune. nobody said an all-in-one
it's only been about four weeks and his ideas are not being discussed in washington. there's not much of any reference to him. the republican leaders who are young and up and coming are talking about how to rebrand and rebuild the party and some people close to mitt romney said he doesn't really have much of an interest of being involved in that kind of conversation. >> philip rucker and jonathan capehart, thank you for joining me tonight. >> thanks. >>> coming up, in the...
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but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is committed to debt reduction. he has really put in the time here and i admired his work on this. but even a guy like senator coburn who was on the commission and supported its report can't state the obvious. we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just sill
but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i...
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on the newshour tonight, we get perspective on the partisan tug- of-war in washington, from one half of the team that produced the deficit-cutting plan republicans say is their inspiration, democrat erskine bowles. >> there are over $7 trillion worth of economic events that are going to hit america in the gut. i think impact would be really strong. if anybody thinks this is going to be a slope better wake up. >> ifill: the link between brain injury and sports, new evidence ties repeated blows to the head to long-term damage. we take a look. >> brown: ray suarez looks at the firestorm over israel's announcement it will expand settlements in the west bank. >> ifill: elizabeth brackett looks at how one chicago school is dealing with the transition to new state-wide standards. >> i really did find that the kids do understand more, and they learn more. they're more interested in what they're learning. >> brown: plus, as global carbon dioxide levels hit record highs, we analyze the increasing difficulty of combating climate change, with carol davenport of the "national journal." >> ifill:
on the newshour tonight, we get perspective on the partisan tug- of-war in washington, from one half of the team that produced the deficit-cutting plan republicans say is their inspiration, democrat erskine bowles. >> there are over $7 trillion worth of economic events that are going to hit america in the gut. i think impact would be really strong. if anybody thinks this is going to be a slope better wake up. >> ifill: the link between brain injury and sports, new evidence ties...
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brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other entitlements, that's $ 00 billion less than in the speaker's counteroffer a
brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but...
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. >> if they got to agreement the way washington is too quickly, their own side would just kill 'em because they wouldn't think they had negotiated hard enough. you know, they've got to go through this exchange. this is no different than when, you know, you list your house, you know, you put up one price, somebody comes in with a lower price, you kind of reach a middle ground. the thing i'm sure of is that we got to end up with at least $4 trillion of deficit reduction. some of that's got to come from revenues. i guarantee you the white house isn't going to do a deal unless it has an increase in tax rates for part of that revenue. i'm assuming that the republicans are going to insist that there be more cuts on the health care entitlements than what's been put on the table to date. >> ifill: here's the difference between what we're seeing now and what happens when i put my house on the market. at the end of this year there will be consequences. it's unclear... in the past when these consequences or these deadlines have arisen they've just put them off. that's how we got to where we are today
. >> if they got to agreement the way washington is too quickly, their own side would just kill 'em because they wouldn't think they had negotiated hard enough. you know, they've got to go through this exchange. this is no different than when, you know, you list your house, you know, you put up one price, somebody comes in with a lower price, you kind of reach a middle ground. the thing i'm sure of is that we got to end up with at least $4 trillion of deficit reduction. some of that's got...
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they thought it would be maine and washington but not maryland. maryland wouldn't do it at the ballot box because it's about 30% african-american. maryland did it. >> i'm curious why you think president bill clinton since he has the freedom hillary doesn't, why hasn't he apologized for this stain on his record? >> in 2009 before obama, not a very expansive or hugely heartfelt way, said i'm now for marriage equality. again it was not a big statement. i think he feels like i did that, what more do i have to do. i think doma is such a nasty bit of legislation, codified bigotry, it calls for more robust than that. >> the important divergence that frank is identifying between the two democratic presidents. president obama's justice department did make the unusual step of deciding not to defend the constitutionality of doma, typically the justice department defends everything because it is the lawyer of the laws of the land. here they have the discretion to do otherwise. they did otherwise. it makes a difference. as the lower courts and potentially the
they thought it would be maine and washington but not maryland. maryland wouldn't do it at the ballot box because it's about 30% african-american. maryland did it. >> i'm curious why you think president bill clinton since he has the freedom hillary doesn't, why hasn't he apologized for this stain on his record? >> in 2009 before obama, not a very expansive or hugely heartfelt way, said i'm now for marriage equality. again it was not a big statement. i think he feels like i did that,...
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but we'll start in washington. the president meeting with six governors around the country to discuss the fiscal cliff. our be john harwood is live to talk about the impact of that meeting, john, and the impact of this offer that we got from the republicans yesterday. >> reporter: carl, we haven't heard from the president or the governors yet in this meeting. we did just get some remarks that gene sperling delivered in which he responds to boehner's letter calls the baoehner offer disappointing and says that an accept aps by republicans that rates have to go up is the key to unlocking a deficit reduction agreement. now that's consistent with everything that's happened at the white house since the election, essentially trying to break down republican resistance to raising top rates which is very popular with the american people. however, as i mentioned when we talked in the last hour, are the significance of the republican offer is that they have laid out and taken ownership of cuts to entitlement programs, medicare
but we'll start in washington. the president meeting with six governors around the country to discuss the fiscal cliff. our be john harwood is live to talk about the impact of that meeting, john, and the impact of this offer that we got from the republicans yesterday. >> reporter: carl, we haven't heard from the president or the governors yet in this meeting. we did just get some remarks that gene sperling delivered in which he responds to boehner's letter calls the baoehner offer...
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i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post politics.com and capitol hill correspondents, nbc's kelly o'donnell and luke russert. kelly, to you, because this vote in the senate, john kerry led the way, it was bipartisan, in support. they needed 6 votes. it's a treaty, two-thirds of the senate and it failed. talk to me about all the ramifications here. >> it's not that often andrea, you know this, when votes on the senate floor can draw such powerful emotions and even tears from members of the gallery who attend in the public seats that are not in camera view. but we had that today. there was
i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post...
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"washington journal" continues. host: as part of the fiscal cliff that is looming, we look at different aspects, today, the alternative minimum tax, which will impact 30 million americans if congress does nothing. we are joined by georgetown law's john buckley. what is the alternative minimum tax. -- tax? guest: is requires it to pay the greater of what you pay under regular income tax, or what you would compute under the minimum tax, which has a slightly more broad base, this allowing some of the reductions in a regular tax. in some respects, it is very similar to the patch on itemized deductions that is being discussed. rather than directly attack preferences and expenditures, it puts an overall cap on the benefit. there is no new idea in this debate. the cap there's a strong relationship to how the alternative minimum tax works. host: here is a form from the irs in 2011 tax preparation, and this is part one, the alternative minimum tax income. how do you know if you fall into the amt? how you know? guest: i belie
"washington journal" continues. host: as part of the fiscal cliff that is looming, we look at different aspects, today, the alternative minimum tax, which will impact 30 million americans if congress does nothing. we are joined by georgetown law's john buckley. what is the alternative minimum tax. -- tax? guest: is requires it to pay the greater of what you pay under regular income tax, or what you would compute under the minimum tax, which has a slightly more broad base, this...
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this is a clear attempt on the part of the republican leadership to punish those in washington who vote the way they promised their constituents they would. conservative blogger eric erickson on his blog writing on the same day john boehner, eric cantor and kevin mccarthy punished those for standing up for their convictions sold out their own convictions. erickson wasn't the only 0 group. calling it an $800 billion tax hike. the most conservative media outlets have been in boehner's camp, conservative organizations have a lot of sway with some members. bane earp does not want a full fledged rebellion. a few things to keep in mind. number one, any thought boehner didn't believe he had more control over his conference this time than he did two years ago should be set aside. cantor and mccarthy having his back. he only has to worry if somebody is high profile were somehow to challenge his standing with house republicans. that's not the case. they were in concert on this. does it mean -- send a signal to the white house that this time what boehner says and negotiates goes though it may not
this is a clear attempt on the part of the republican leadership to punish those in washington who vote the way they promised their constituents they would. conservative blogger eric erickson on his blog writing on the same day john boehner, eric cantor and kevin mccarthy punished those for standing up for their convictions sold out their own convictions. erickson wasn't the only 0 group. calling it an $800 billion tax hike. the most conservative media outlets have been in boehner's camp,...
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america" from washington. the authority
america" from washington. the authority
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eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what b
eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president...
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this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ends december 7th. trying to find a better job can likbe frustrating.gs, so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and a
this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. a new way to save on your prescriptions. it's the aarp medicarerx saver...
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this would be a good lesson for everybody in washington. what you see here and what we have in this meeting, i mean, a lot of times i think there's a got-ya mentality. you have a collection of governors, both republican and democrat, representing all 50 gnches in this country who didn't -- governers in this country who didn't get off on the fringes, who didn't get off on pet projects but instead said, we hope there's going to be something that happens here in this nation's capital and in the end we hope it's something that's positive for our states, both for our finances but also for our states' economies. so what we did what we felt cleblet collectively unites us not guides -- divides us and it's what we brought to the table. >> thank you all very much. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> in a few minutes we'll go live to the jack kemp foundation's leadership awards dinner. florida senator marco rubio is this year's recipient. it's running a little behind. we'l
this would be a good lesson for everybody in washington. what you see here and what we have in this meeting, i mean, a lot of times i think there's a got-ya mentality. you have a collection of governors, both republican and democrat, representing all 50 gnches in this country who didn't -- governers in this country who didn't get off on the fringes, who didn't get off on pet projects but instead said, we hope there's going to be something that happens here in this nation's capital and in the...
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you can sort of knefeel it with what's happening in washington. plus how many people are selling stocks just because they'll take their gains this year. because taxes will be higher next year. >> you're seeing people with if you have a large position in a company, this is probably the right time to take it. if it's a large percentage, 10%, 15%, 20% of your net worth, sell it now. >> and if you're planning to retire in the next three to five years, you're probably better off doing your allocation change thousand than you are saying -- >> this might be awful next year, too. isn't moynihan going to -- if we go over the cliff, it's not going to be a great year for stocks. >> it won't be a great year for hiring. >> left's already started. everybody is hiring temporary workers. they're not buying. they're leasing. you have more up front costs because you're trying to defer any long tirm purchase. but that's been happening now for two months. so you can look at the other way and say if we actually get a resolution, you might have more certainty which we'
you can sort of knefeel it with what's happening in washington. plus how many people are selling stocks just because they'll take their gains this year. because taxes will be higher next year. >> you're seeing people with if you have a large position in a company, this is probably the right time to take it. if it's a large percentage, 10%, 15%, 20% of your net worth, sell it now. >> and if you're planning to retire in the next three to five years, you're probably better off doing...
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washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, at least, they're cutting some deals, and you felt that watching here and what you're talking about is exactly what's happening. >> people who are in on the discussion zoraida told me yesterday that what we're seeing play out is what's playing out. there's no back channel negotiation. there's no -- we're seeing it play out in real time and that's -- that's actually a little bit frightening. and because of this, there's something else that's happening i want to tell you about. oracle is the latest company that says it's going to pay out dividends to its shareholders early to avoid higher investment taxes next year. this means a pay day early for investors. mom and pop investors, too. you're going to get a dividend before the end of the year. dividends currently are taxed at 15%. in 2013 if we fall off the fiscal cliff, dividends will
washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, at least, they're cutting some deals, and you felt that watching here and what you're talking about is exactly what's happening. >> people who are in on the discussion zoraida told me yesterday that what we're seeing play out is what's playing out. there's no back channel negotiation. there's no -- we're seeing...
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cyprian supports the football team here in washington. it is a heated rivalry. >> bill: even if your team loses, don't you think you would wear the gear? >> i have the hat. i am absolutely loyal. they played a solid game last night. right up until they didn't win. >> they almost won. >> spoken like a true fan. they played a great game until they lost. >> bill: here's what it sounded like on espn right at the end there. >> rejuvenated football in the nation's capital. redskins and giants split. it looks like they've won a game here at fedex field. and all they are is within a game of the division lead. >> bill: 17-16. >> i will say as a giants fan the redskins are a solid contender this year and they have a fabulous rookie quarterback. >> bill: rgiii. >> he's very good. >> bill: there we go. we've got the nats and redskins coming up. whoa suddenly, sports town. >> i wouldn't get too carried away with that. the last couple of games they looked very good. they also lost to the panthers this season and they had some very terrible games. if th
cyprian supports the football team here in washington. it is a heated rivalry. >> bill: even if your team loses, don't you think you would wear the gear? >> i have the hat. i am absolutely loyal. they played a solid game last night. right up until they didn't win. >> they almost won. >> spoken like a true fan. they played a great game until they lost. >> bill: here's what it sounded like on espn right at the end there. >> rejuvenated football in the nation's...